Liquidation Loss. With respect to any Liquidated Mortgage Loan, the excess of (a) the sum of (i) the outstanding principal balance of such Mortgage Loan, (ii) all accrued and unpaid interest thereon, and (iii) the amount of all Advances and other expenses incurred with respect to such Mortgage Loan (including expenses of enforcement and foreclosure) over (b) Liquidation Proceeds realized from such Mortgage Loan.
Liquidation Loss has the meaning set forth in the definition of Net Termination Loss.
Liquidation Loss means, with respect to any Defaulted Contract, the amount, if any, by which (a) the Required Payoff Amount for such Defaulted Contract as of the date such Contract became a Defaulted Contract exceeds (b) that portion of the Liquidation Proceeds for such Defaulted Contract allocated to the Issuer.
Examples of Liquidation Loss in a sentence
Aggregate Liquidation Loss Amounts exceeds 1.25% of the Cut-off Date Pool Balance 2 7.
Interest at Class HI: B-2 Pass-Through Rate on: (a) Class HI: B-2 Liquidation Loss Principal Amount .00 (b) Unpaid Class HI: B-2 Liquidation Loss Interest Shortfall .00 81.
A Liquidation Loss, a Modification Loss or a Bankruptcy Loss, in each case, to the extent not covered by Insurance Proceeds.
Liquidation Loss interest remaining unpaid .00 CLASS HI: A, CLASS HI: M, and CLASS HI: B CERTIFICATES ------------------------------------------------------ 83.
On each Payment Date, the Overcollateralization Amount available to cover any Liquidation Loss Amounts on such Payment Date shall be deemed to be reduced by an amount equal to such Liquidation Loss Amounts (except to the extent that such Liquidation Loss Amounts were covered on such Payment Date by a payment in respect of Liquidation Loss Amounts).
More Definitions of Liquidation Loss
Liquidation Loss means the loss that any deposit insurance fund in the FDIC would have incurred if the FDIC had liquidated the institution:
Liquidation Loss. “: The excess, upon a disposition of a defaulted Mortgage Loan, of (i) the amount owed by the Borrower thereunder, including all Advances, over (ii) the Liquidation Proceeds thereof.
Liquidation Loss as used herein, shall mean (i) the actual loss (measured as of the liquidation date compared to the original cost of such securities) that results from any liquidation described in the previous sentence, and (ii) to the extent that liquidation described in the previous sentence is not effected, then the decrease in value of such securities that are not liquidated (measured as of the latest date on which market information on such value is available prior to Closing compared to the original cost of such securities).
Liquidation Loss means, for a Collection Period, the amount (if any) by which the Unpaid Balance of a Purchased Receivable (together with the Enforcement Expenses relating to the Purchased Receivable and the related Receivable Rights) exceeds the Liquidation Proceeds in relation to the Purchased Receivable for that Collection Period.
Liquidation Loss means, for a Collection Period in relation to a Purchased Receivable which is being enforced, the amount (if any) by which the Unpaid Balance of the Purchased Receivable (together with the Enforcement Expenses relating to the Purchased Receivable and the related Receivable Rights) exceeds the Liquidation Proceeds in relation to the Purchased Receivable.
Liquidation Loss. Amounts with respect to the Pool as a percentage of the Initial Pool Balance are less than ____% and (ii) the Three Month Rolling Delinquency Rate for is less than ____%. SPONSOR: GreenPoint Mortgage Securities LLC, a Delaware limited liability company, or its successors-in-interest.
Liquidation Loss means (i) the actual loss (measured as of the liquidation date compared to the original cost of such securities) that results from any liquidation of securities described below in the section of this Proxy Statement entitled "Merger Agreement – Additional Covenants; Liquidation of Securities and Other Short Term Investments” and (ii) to the extent that the liquidation described in the section of this Proxy Statement entitled "Merger Agreement – Additional Covenants; Liquidation of Securities and Other Short Term Investments” is not effected, then the decrease in value of such securities that are not liquidated (measured as of the latest date on which market information on such value is available prior to closing of the Merger Agreement compared to the original cost of such securities).